Hayward Holdings Inc (HAYW)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,051,606 | 1,003,000 | 995,735 | 994,885 | 992,452 | 972,950 | 997,913 | 1,113,812 | 1,314,136 | 1,407,554 | 1,512,911 | 1,477,869 | 1,401,809 | 1,310,120 | 1,183,981 | 1,039,581 | 875,381 | 798,035 | 756,900 | 720,250 |
| Total current assets | US$ in thousands | 766,969 | 649,552 | 610,216 | 720,647 | 724,741 | 642,897 | 633,710 | 678,374 | 612,284 | 562,248 | 708,900 | 758,195 | 750,521 | 689,751 | 627,000 | 548,000 | 424,400 | — | — | 47,200 |
| Total current liabilities | US$ in thousands | 312,982 | 248,175 | 235,440 | 214,041 | 239,683 | 197,882 | 202,038 | 195,053 | 232,410 | 229,322 | 310,143 | 319,764 | 303,864 | 279,077 | 263,100 | 234,600 | 218,600 | — | — | — |
| Working capital turnover | 2.32 | 2.50 | 2.66 | 1.96 | 2.05 | 2.19 | 2.31 | 2.30 | 3.46 | 4.23 | 3.79 | 3.37 | 3.14 | 3.19 | 3.25 | 3.32 | 4.25 | — | — | 15.26 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,051,606K ÷ ($766,969K – $312,982K)
= 2.32
Based on the data provided, Hayward Holdings Inc's working capital turnover has fluctuated over the period from March 31, 2020, to December 31, 2024.
The working capital turnover ratio indicates how efficiently the company is using its working capital to generate revenue. A higher ratio generally reflects better efficiency in utilizing working capital.
Hayward Holdings Inc's working capital turnover was 15.26 as of March 31, 2020, showing a strong efficiency in utilizing its working capital to generate revenue. However, there is missing data for June 30 and September 30, 2020.
From December 31, 2020, to December 31, 2021, the working capital turnover decreased from 4.25 to 3.14, suggesting a decline in the efficiency of working capital utilization.
The trend continued to show a decrease in efficiency up to March 31, 2024, with a working capital turnover of 1.96, indicating a significant drop in the company's ability to generate revenue using its working capital efficiently.
However, there was a slight improvement in the efficiency of working capital utilization by June 30, 2024, with a working capital turnover of 2.66.
Overall, Hayward Holdings Inc's working capital turnover has experienced fluctuations, with periods of high and low efficiency in utilizing working capital to generate revenue. It is essential for the company to closely monitor and manage its working capital to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2024